The Centre for Trade Policy and Development (CTPD) has raised concern over the possible negative impact of the ongoing trade war between the United States and China on Zambia’s economy.
CTPD Trade and Investment Researcher, Barnabas Mwale, said the escalating tariffs between the two global powers now exceeding 100%, could slow China’s economic growth, which may in turn affect Zambia, one of China’s key trading partners.
Mr. Mwale noted that in 2024, Zambia exported goods worth $2.4 billion to China, primarily mineral products such as copper, sulphur, and earth stones.
“A decline in Chinese demand for copper could lead to falling prices, putting pressure on Zambia’s mining sector,” said Mr. Mwale in a statement issued to RCV News in Lusaka today.
He warned that reduced global trade volumes could hurt both the US and Chinese economies, with ripple effects reaching Zambia, especially through reduced mineral exports.
Mr. Mwale has urged government to adopt policies that promote value addition to minerals and agricultural products to diversify the economy and reduce dependence on raw commodity exports.
Angel Kasabo
